Gold appears to have entered a new phase, acting as a hybrid, sometimes sympathizing with risk assets and other times acting like a safe haven, UBSí Edel Tully explains. While this makes it incredibly difficult to trade the yellow metal, the gold strategist remains bullish.
After falling about $20 on Tuesday in response to a stronger dollar, gold recovered its footing on Tuesday, hitting $1,693.90 an ounce, its highest level in two weeks..............................................Full Article: Source